The Relationship between economic and institutional resilience based on a staged critical review of literature

The present study aims to investigate the relationship between institutional resilience and economic resilience by proposing a theoretical model on this and by addressing questions about the key institutional variables and actors that are important for economic resilience. To achieve this, a staged literature review method was employed. For analysing the literature, there were two approaches: the research agenda-based approach, which involved categorising the necessary variables and the important actors in institutional and economic resilience; the second approach involved critically reviewing and continuously comparing the results of the conceptual model related to the relationships between the variables. The research findings showed that the important variables related to institutional and economic resilience fall into three categories: economic institutions (responsible for facilitating and monitoring economic interactions); governance (responsible for policymaking, implementation, and resource management); and legal frameworks (they provide supportive and legal platforms for the better functioning of managerial and economic institutions). The conceptual framework identified three dimensions – intra-systemic, extra-systemic, and meta-systemic – which focus on the internal institutional elements, communication and coordination with the higher levels of governance, or they facilitate interaction. The framework enhances the understanding and analysis of institutional and economic resilience in cities.